iShares MSCI Global Metals & Mining Producers ETF (0JLW)
LSE 
Summary
0JLW Chart
PICK: A Metals And Mining ETF Without Gold And Silver
The iShares MSCI Global Metals & Mining Producers ETF provides diversified exposure to global metals and mining producers, excluding gold, silver, and uranium. PICK is more value-oriented and less volatile than XME but has underperformed due to currency headwinds and lack of precious metals exposure. PICK is suitable for investors seeking metals and mining exposure without gold and silver, especially if they already hold precious metals elsewhere.
PICK: Soft Dollar And Other Macro Tailwinds Keep Me Bullish
I reiterate my buy rating on iShares MSCI Global Metals & Mining Producers ETF, supported by attractive valuation, high EPS growth, and a compelling PEG ratio under 1.0x. A falling dollar and international exposure provide macro tailwinds, with metals and mining stocks benefiting from currency translation and global demand. Technical indicators, including a golden cross and a bullish reverse head and shoulders pattern, suggest near-term upside potential for PICK toward a $47 price target.
PICK: Short Term Turbulence Offsetting Long Term Outlook
iShares MSCI Global Metals & Mining Producers ETF offers diversified exposure to global metals and mining, benefiting from long-term trends in clean energy and infrastructure demand. The short-term outlook for key metals like copper, iron, and aluminum is negative due to weak commodity prices and China's slowdown, justifying a 'hold' rating. PICK stands out for its lower expense ratio, higher dividend yield, and broader diversification compared to peers, but lacks exposure to surging gold and silver.
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iShares MSCI Global Metals & Mining Producers ETF Profile
| LSE Exchange | US Country |
Overview
The described fund is a specialized investment vehicle that focuses on the metals and mining sector. It aims to invest a significant portion of its assets, at least 80%, in the equities of companies engaged in the extraction, production, and mining of diversified metals, including but not limited to aluminum, steel, precious metals, and minerals. These companies may operate in both developed and emerging markets, providing a broad exposure to the sector. The fund's investment strategy involves tracking an index that measures the performance of such equities, ensuring that its investments mirror the economic characteristics of the index's component securities. The fund is classified as non-diversified, meaning it may invest a larger portion of its assets in a smaller number of issuers, thus potentially increasing its risk and return profile.
Products and Services
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Equities of Companies in Metals and Mining: The fund invests in the equities of companies primarily involved in the extraction or production of diversified metals, such as the production of aluminum or steel, and in the mining of precious metals and minerals. This offers investors exposure to a critical sector of the global economy that supplies essential materials for manufacturing, technology, and construction industries.
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Investments in Developed and Emerging Markets: By incorporating equities from both developed and emerging markets, the fund provides a balanced exposure to the global metals and mining sector. This strategy takes advantage of growth opportunities in emerging markets, while still maintaining a foothold in the more stable and mature economies of developed nations.
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Index-Based Investment Strategy: The fund aims to replicate the performance of a specific index that tracks the combined performance of the sector's equities. This approach is designed to provide investors with a passive investment option that mirrors the economic characteristics of the component securities of the index. It is an efficient way to gain broad exposure to the metals and mining sector without having to select individual stocks.
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